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johnpaul92 johnpaul92
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8 years ago
Suppose velocity is constant at 4, real output is 10, and the price level is 2. From this initial situation, the government increases the nominal money supply to 6. If velocity and output remain unchanged, by how much will the price level increase?
A) 24%
B) 20%
C) 50%
D) 2.4%
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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8 years ago
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johnpaul92 Author
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8 years ago
Appreciate your help, thank you again
wrote...
8 years ago
Take care for now
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